Quote:
Originally posted by Forkbeard
[edited out question Rand already answered -- fast moving thread]
Am also interested in the fee structure for "charging" the Epassporte. A screenshot in this thread showed a $5.00 charge for a $50 load -- if correct, that's a pretty vicious 10% bite, worse even than the credit card companies charge for cash advances. I'm having trouble imagining I would use an Epassporte except to receive funds and spend received funds, with rates like that.
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The load fee (not transfer P2P) is $5 per hundred or any portion thereof. So, it costs $5 to load $50 or a $100. It costs $10 to load $101 or $200. And so on... Remember that the person buying epassporte so they can purchase adult entertainment are problaby doing so because they can't use their normal creidt card to purcahse online, or, they are using epassporte for it's anonymity. Load fees are common on Virtual cards as you are paying for a service. Epassporte makes no money on finance charges or late fees as banks do with a revolving credit line.
Moving money from one person to another is only .25 cents a tran (up to 5 per day and $1 per tran thereafter) for a personal account. Rates vary for commercial or corporate accounts. And of course, there's no fee to spend the money on an epassporte card. (a little humor there).
--Rand